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Agenda - Economic Development Authority - 07/08/2021
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Agenda - Economic Development Authority - 07/08/2021
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3/14/2025 3:36:18 PM
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7/2/2021 3:40:26 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
07/08/2021
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Background in social impact business, public speaking, advocacy <br />BOARD OF DIRECTORS <br />Holly Miller Board Chair <br />Background in corporate fundraising and strategic planning <br />Mark Thurston Vice Chair <br />Background in church relations and real estate <br />Tyler Tong Treasurer <br />B.A. in Business & Organizational Leadership, MBA Candidate, Director of Campus Activities at <br />Columbia international University <br />I i r ti n Bird <br />B.A. in Ministry to Victims of Sexual Exploitation, Case Manager at the salvation Army <br />Jennifer Teres <br />Nick Brattin <br />Development Director, Master's Apprentice <br />Jason Pierce <br />St. Paul police officer <br />nonoaccoucccacuococoaccoaonocuccoconnocooc <br />REVENUE MODEL <br />The Stories Foundation Freedom Truck operated sustainably for 3 seasons. In 2019 we <br />implemented our Giveback program, giving away 1 o% of sales each month to a partner <br />nonprofit. See projected model below. Freedom Truck financials are also available. <br />Stories Foundation social impact cafe, catering, and store needs S600,000 n startup capital. <br />The sources available for startup capital are in -kind donations from businesses i.e. contractor <br />sponsor, builder sponsor, design sponsor), other business sponsors, individuals who believe in <br />social impact businesses, and community. We are also seeking a loan from Prins Bank. The <br />burn rate is three months. We will grow our catering and product arms each year giving us the <br />ability to scale our organization, setting us up for growth. <br />
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